FBR Capital Markets Corporation News

Industry Veteran Daniel W. Blood Joins FBR Capital Markets

ARLINGTON, Va., July 10 PRNewswire-FirstCall — FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, announced today that Daniel W. Blood has joined the firm as Senior Managing Director and Head of Debt Capital Markets.

Mr. Blood will have oversight of the origination and execution of all fixed income securities either underwritten or through private transactions. Additionally, Mr. Blood will focus on extending the firm's overall capital markets business through his many existing client relationships. His leadership will allow FBR Capital Markets to expand the breadth and depth of its current equity-focused capital markets platform. His abilities will provide the firm's existing clients the opportunity to continue building their capital structure using both debt, equity and equity-linked securities.

"Dan is a proven leader and a seasoned, productive banker. His financial acumen and outstanding track record will be tremendous assets to us as we continue to build our corporate finance franchise," said Rick Hendrix, President and Chief Operating Officer of FBR Capital Markets.

"Known for innovative solutions and an ability to complete the most difficult transactions, FBR Capital Markets is a formidable franchise in the banking industry. A natural extension of the firm's leadership in equity capital markets is debt origination and derivatives, and I look forward to building that business as part of the FBR Capital Markets team," offered Mr. Blood.

Most recently, Mr. Blood served as Co-Head of Global Debt Capital Markets at Bear Stearns, having been with the firm for more than 18 years in numerous senior positions in investment banking and emerging markets. During his tenure he also served as Senior Managing Director of Strategic Finance in Investment Banking and Managing Director in Investment Grade Debt Markets and Emerging Debt Markets. For his last year at Bear Stearns, he led a team of 42 professionals focused on the origination of fixed-income products including debt origination, private placements, derivatives and emerging markets. Mr. Blood is a graduate of Davidson College, and he holds an MBA from the University of Chicago Graduate School of Business.

FBR Capital Markets Corporation, a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc., provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, research*, and asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, healthcare, insurance, real estate, and technology, media & telecom. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA; Boston; Dallas; Houston; Irvine; London, England; New York; San Francisco; and Sydney, Australia. For more information, please visit www.fbrcapitalmarkets.com.